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Morning Headlines Defy Expectations, but Pre-Markets Sell
ZACKS· 2025-07-24 15:41
Market Overview - Pre-market futures are mixed but showing signs of weakening, following record high closes on the S&P 500, with profit-taking being a potential factor [1] - The tech-heavy Nasdaq is up by 42 points (+0.18%), while the Dow is down by 300 points (-0.67%) due to UnitedHealth's DOJ probe [2] Job Market Data - Initial Jobless Claims decreased to 217K, marking the lowest level in 14 weeks and the sixth consecutive week of decline [3] - Continuing Claims are reported at 1.955 million, slightly above the previous week's revised figure, indicating a stall just below 2 million [4] Q2 Earnings Reports - American Airlines (AAL) reported earnings of 95 cents per share, exceeding expectations by +20.25%, but shares fell -6% due to warnings of softer demand [5] - Honeywell (HON) surpassed earnings expectations with $2.75 per share, a +4.2% increase from the previous year, but shares are down -2.7% as the company plans to split into three segments [6] - Union Pacific (UNP) reported earnings of $3.03 per share, beating expectations by +4.84%, with revenues of $6.2 billion also exceeding forecasts, though shares are down -3% [7] Economic Indicators - S&P flash Services PMI for July is expected to rise to 53.2, while Manufacturing PMI is anticipated to dip to 52.7, both remaining above the growth threshold of 50 [8][9] - New Home Sales for June are projected at 645K units, an increase from 623K in the previous month, despite disappointing Existing Home Sales figures [10] Upcoming Earnings Reports - Intel and Deckers Outdoor are scheduled to report their Q2 earnings after the market closes today [11]
Here's What Key Metrics Tell Us About American Airlines (AAL) Q2 Earnings
ZACKS· 2025-07-24 15:30
For the quarter ended June 2025, American Airlines (AAL) reported revenue of $14.39 billion, up 0.4% over the same period last year. EPS came in at $0.95, compared to $1.09 in the year-ago quarter.The reported revenue represents a surprise of +0.73% over the Zacks Consensus Estimate of $14.29 billion. With the consensus EPS estimate being $0.79, the EPS surprise was +20.25%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ...
X @The Wall Street Journal
American Airlines reissued full-year adjusted earnings guidance, setting a lower target than it had earlier in the year before tariffs and a domestic travel slowdown prompted major airlines to withdraw their outlooks https://t.co/56x3uWPV6Q ...
American Airlines CEO Robert Isom: Weather delays hit us hardest
CNBC Television· 2025-07-24 14:30
American Airlines CEO Robert Isom on Thursday said recent weather-related delays and cancellations have hit the carrier "harder than anyone," but that adding more air traffic controllers will eventually help address the issue. ...
American Airlines slumps as weak Q3 outlook overshadows strong Q2 results
Proactiveinvestors NA· 2025-07-24 14:16
About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...
AAG(AAL) - 2025 Q2 - Earnings Call Transcript
2025-07-24 13:32
Financial Data and Key Metrics Changes - American Airlines reported an adjusted pretax profit of $869 million for Q2 2025, with earnings per share of $0.95, which is at the high end of the guidance provided earlier [7][21] - The company achieved record revenue of $14.4 billion in Q2 2025, reflecting a year-over-year increase of 0.4% [9][21] - The operating margin for Q2 was approximately 8%, with unit costs (excluding fuel and net special items) up 3.4% year-over-year [21][22] - Free cash flow for the quarter was $791 million, contributing to a total of $2.5 billion in the first half of the year [23][24] Business Line Data and Key Metrics Changes - Long-haul international PRASM increased by 5% for Atlantic routes and approximately 1% for Pacific routes, driven by strong demand in premium cabins [10] - Domestic unit revenue decreased by approximately 6% year-over-year, with expectations for improvement in the latter part of Q3 [11][26] - Managed business revenue grew by 10% year-over-year, outperforming broader industry growth [12] Market Data and Key Metrics Changes - The company experienced a 36% increase in disruptive operational events compared to the previous year, primarily due to significant storm activity [18][19] - Domestic capacity is expected to increase by approximately 5% during the July peak, but will slow to about 2% in August and decrease by 1% in September [26] Company Strategy and Development Direction - The company is focused on enhancing customer experience, operational excellence, and driving efficiencies throughout the airline [8][9] - American Airlines plans to expand its premium seating and improve its network, particularly in strategic hubs like Chicago, New York, and Philadelphia [14][15] - The company aims to restore its historical share of indirect channel revenue by the end of 2025, which is projected to represent $1.5 billion in revenue [62] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of domestic demand in the latter half of the year, despite challenges faced in the first half [28][29] - The company anticipates sequential improvement in revenue performance each month in Q3, with July expected to be the low point [26][42] - Management highlighted the resilience of the business and the team's ability to navigate a challenging operating environment [28][29] Other Important Information - The company raised $1 billion through a loyalty term loan financing, which was used to cash settle a convertible note [23] - American Airlines ended Q2 with approximately $38 billion in total debt and $29 billion in net debt, the lowest net debt levels since Q3 2015 [23] Q&A Session Summary Question: What percentage of American's flying loses money? - Management indicated that they do not base operations on competitors' perceptions and highlighted their strong hub and spoke network [34][35] Question: Can you provide insights on domestic performance from July to September? - Management noted that July has been challenging but expects about 65% of revenue on the books for Q3, with optimism for August and September [42][44] Question: What are the headwinds faced in the first half of the year? - Management acknowledged a tough first half but expects tailwinds from improving domestic demand and new credit card agreements with Citi [48][49] Question: How does American plan to improve customer experience? - Management will measure improvements through Net Promoter Scores and revenue performance, focusing on premium customer service enhancements [84][86] Question: What is the outlook for capacity and unit costs? - Management expects capacity to increase in Q4, with unit costs projected to be up around 3.5% as they continue to manage costs effectively [52][98]
AAG(AAL) - 2025 Q2 - Earnings Call Transcript
2025-07-24 13:30
American Airlines (AAL) Q2 2025 Earnings Call July 24, 2025 08:30 AM ET Speaker0Thank you for standing by and welcome to American Airlines Group's Second Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press 11 on your telephone. To remove yourself from the queue, you may press 11 again.I would now like to hand the ...
American Airlines (AAL) Q2 Earnings and Revenues Surpass Estimates
ZACKS· 2025-07-24 13:16
American Airlines (AAL) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +20.25%. A quarter ago, it was expected that this world's largest airline would post a loss of $0.69 per share when it actually produced a loss of $0.59, delivering a surprise of +14.49%.Over the last four quarter ...
美国航空(AAL.US)Q2业绩超预期 但全年盈利指引令人失望
智通财经网· 2025-07-24 12:49
智通财经APP获悉,美国航空(AAL.US)公布的第二季度财报显示,当季营收同比增长0.4%至144亿美 元,好于分析师普遍预期的143亿美元;净利润为5.99亿美元,同比下降16.4%;调整后的每股收益为0.95 美元,好于分析师普遍预期的0.75美元。 尽管第二季度业绩好于预期,但美国航空给出的2025年业绩指引令人失望。该公司恢复了对2025年调整 后每股收益为-0.2至0.8美元的预期。该预测区间中值为0.3美元,低于分析师普遍预期的0.72美元。受此 消息影响,截至发稿,美国航空周四美股盘前跌超6%。 美国航空对下半年前景的展望,与联合大陆航空(UAL.US)和达美航空(DAL.US)所发布的更为乐观的新 预测形成鲜明对比。随着企业和消费者恢复出行,市场正在消化美国总统特朗普不断变化的关税威胁以 及通胀和部分机场运营中断等其他风险。美国航空表示,如果国内市场持续走强,其全年业绩有望达到 预测区间的上限。而如果出现新的宏观经济疲软,则业绩将触及预测区间的低端。 与联合大陆航空、达美航空相比,美国航空在美国国内市场的乘客运量更多,这使其在需求和票价的波 动中所受影响也更大。 美国航空首席执行官Rober ...
AAG(AAL) - 2025 Q2 - Earnings Call Presentation
2025-07-24 12:30
2 Commercial update Sales and distribution progress American Airlines Group Inc. SECONER IAL July 24, 2025 2023 2024 2025 YTD Q2 +7% YTD % contribution to premium revenue ~77%1 ~74% ~75% +18% YTD Q2 2025 Q3 2025E Q2 2024 Q3 2024 Q4 2024 Q1 2025 Historical Share ~ (2%) (3% Initial Expectation (5%) (7%) (9%) (10%) (11%) Indirect Channel Flown Revenue Performance¹ 1. Indirect revenue channels contributed over $14B in annual revenue in 2023. Q3 2025E based on current expectations Source: Internal data Revenue s ...